Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Swaziland
SWZFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.84
Year-over-Year Change
-1.13%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in Swaziland as a percentage of the country's gross domestic product (GDP). It provides insights into the depth and utilization of the Swazi financial system.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Swaziland trend represents the total value of deposits held by commercial banks in the country, expressed as a proportion of the overall GDP. This metric is a key indicator of financial intermediation and the extent to which the population and businesses are accessing formal banking services.
Methodology
The data is collected and calculated by the Central Bank of Swaziland.
Historical Context
Economists and policymakers use this trend to assess the development and inclusiveness of Swaziland's financial sector.
Key Facts
- Swaziland's outstanding bank deposits were 38.4% of GDP in 2020.
- The trend has increased from 31.4% in 2010, indicating growing financial inclusion.
- Swaziland's deposit-to-GDP ratio is below the sub-Saharan Africa average of 45%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by commercial banks in Swaziland, expressed as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and utilization of Swaziland's financial system, which is important for assessing financial intermediation and inclusion.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Swaziland.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate the development and accessibility of Swaziland's formal banking sector.
Q: Are there update delays or limitations?
A: The data is reported with a lag, and the availability may be limited compared to other financial indicators.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Swaziland (SWZFCLODCGGDPPT), retrieved from FRED.